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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: quehubo who wrote (48025)9/29/2002 6:42:32 PM
From: LindyBill  Respond to of 281500
 
Passing peak production does not mean the globe will run out, it just means the prices will rise with the resulting consequences for the global economy.


The rule of thumb that I have always read is that we have a 7 year's supply of oil. If it gets close to that, we go out and find more. They "Warm up the Rigs" when prices go up.